# Renfro Corporation DB Plan
Source: https://planprovider.pro/companies/renfro-corporation-560375140-004

> Renfro Corporation&#39;s DB plan: 50 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Renfro Corporation

- **Sponsor EIN:** 560375140

- **Sponsor Address:** 661 LINVILLE ROAD, MOUNT AIRY, NC, 270303101

- **Plan Type:** DB

- **Plan Number:** 004

- **Total Participants:** 50

- **Total Assets:** $8.4M

## Key Plan Design Features

- **Auto-Enrollment:** No

- **Auto-Escalation:** No

- **Allows Roth Contributions:** No

- **Participant Loans:** No

- **Participant-Directed Investments:** No

- **ERISA Section 404(c) Fiduciary Safe Harbor:** No

## Plan Financials by Year

| Year|Participants|Total Assets|Employer Contrib.|Employee Contrib.|

| 2024|50|$8.4M|$283,864|$0|

| 2023|53|$8.0M|$487,343|$0|

| 2022|55|$9.0M|$503,771|$0|

## Service Providers (Schedule C)

Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).

| Provider Name|
Role|
Direct Compensation|
Indirect Compensation|
Total Fees|

| MERRILL LYNCH|Other Service Provider|$34,639|$494|$35,133|

| SAGEVIEW CONSULTING GROUP|Other Service Provider|$28,305|—|$28,305|

| BANK OF AMERICA|Other Service Provider|$15,885|—|$15,885|

| BUTLER + BURKE LLP|Other Service Provider|$8,000|—|$8,000|

## Plan Fees & Expenses

Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.

- **Total Service Provider Fees:** $87,323

- **Estimated Expense Ratio:** 1.038% of plan assets

### Historical Administrative Expenses

Breakdown of administrative expense categories reported on Form 5500 filings.

| Year|
Total Admin Expenses|
Investment Mgmt Fees|
Contract Admin Fees|
IQPA Audit Fees|
Professional Fees|

| 2024|$197,102|$34,639|—|$8,000|—|

| 2023|$312,225|$38,327|—|$7,750|—|

| 2022|$348,806|$56,177|—|—|$39,405|

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